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Description
MONAROV & Co. Consulting has developed the Effcon system (effective – control), an innovative automated solution crafted from over two decades of expertise in Internal Control and Fraud Prevention. This system enables organizations to maintain an automated, continuous, and independent control framework designed to identify weaknesses, detect fraud and irregularities, mitigate operational risks, and evaluate the efficiency of internal controls. As a vital resource, Effcon plays a significant role in helping organizations achieve their strategic goals. Our firm supports clients in implementing the Effcon system, which features a comprehensive set of analytical rules. These rules are meticulously crafted by a team of seasoned professionals who specialize in identifying deviations across various sectors, drawing on extensive experience in control and risk management to ensure effectiveness. Consequently, the Effcon system not only aids in compliance but also enhances overall operational integrity.
Description
Sokratech is an advanced real-time fraud detection system tailored for banks and financial organizations. It efficiently evaluates transactions and provides a decision in less than 250 milliseconds by leveraging a no-code rules engine, machine learning risk assessments, and customizable workflows, enabling fraud teams to react to emerging threats in a matter of minutes instead of going through lengthy release cycles. Its features encompass continuous transaction oversight, governance over rules and models with comprehensive audit trails, transparent decision-making suitable for regulatory and audit scrutiny, and effective case management for fraud investigations. Specifically designed to meet the compliance and data residency requirements of regulated financial entities, Sokratech ensures that institutions can maintain high standards of security and accountability. The platform is delivered through API and seamlessly integrates with core banking and payment systems, allowing organizations to quickly implement it without the need to overhaul their existing infrastructure and processes, thus enhancing their operational efficiency.
API Access
Has API
API Access
Has API
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
Free Version
Pricing Details
No price information available.
Free Trial
Free Version
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Deployment
Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Customer Support
Business Hours
Live Rep (24/7)
Online Support
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Types of Training
Training Docs
Webinars
Live Training (Online)
In Person
Vendor Details
Company Name
Effcon
Founded
2016
Country
Israel
Website
effcon.co.il/en/
Vendor Details
Company Name
Sokratech
Country
Singapore
Website
sokratech.io
Product Features
Fraud Detection
Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval
Risk Management
Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment
Product Features
Fraud Detection
Access Security Management
Check Fraud Monitoring
Custom Fraud Parameters
For Banking
For Crypto
For Insurance Industry
For eCommerce
Internal Fraud Monitoring
Investigator Notes
Pattern Recognition
Transaction Approval